How Will Your Social Security Stack Up to the $3,895 Max?

The maximum Social Security benefit you can receive in 2021 is $3,895 monthly. That's a nice payout for passive income, but it's only available to a small percentage of retirees. Here's a look at how to estimate where your Social Security benefit will land and how you can get closer to that $3,895 max.

The fastest way to estimate your Social Security income is to create an account at my Social Security. Once you verify your identity, you can log in and access several tools to help you manage -- and maximize -- your benefit.

You'll see three benefit estimates in your account: age 62, full retirement age (FRA), and age 70. You'll also see that the later you claim, the higher your monthly benefit is. This is because the benefit formula is designed to give you the same total lifetime benefit, regardless of when you claim.

Source Fool.com